Finance

Facing another U.S. tariff hike, Chinese President Xi Jinping is getting tougher with Washington instead of backing down. Beijing fired what economists called a “warning shot” at Washington by letting its yuan currency weaken in response to President Donald Trump’s latest threat of more punitive import duties on Sept. 1. Chinese buyers canceled multibillion-dollar purchases […]

When a CNBC interviewer said the Mylan and Allergan moves would not bring back manufacturing jobs, Mr. Kudlow agreed. But he said, “You’re also going to have factories moving back in from other places around the world, including China.” Mr. Setser said he was surprised that relatively few pharmaceutical companies were moving plants and activity

U.S. consumer prices rose 0.3% in July, pushed higher by more expensive gas, medical care and housing. The consumer price index increased 1.8% compared with a year earlier, up from 1.6% in June, the Labor Department said Tuesday. Excluding the volatile food and energy categories, core prices moved up 0.3% in July and 2.2% from

When a CNBC interviewer said the Mylan and Allergan moves would not bring back manufacturing jobs, Mr. Kudlow agreed. But he said, “You’re also going to have factories moving back in from other places around the world, including China.” Mr. Setser said he was surprised that relatively few pharmaceutical companies were moving plants and activity

Asian stock markets followed Wall Street lower Tuesday amid anxiety the U.S.-Chinese trade war will hurt already slowing global economic growth. Benchmarks in Shanghai, Tokyo, Hong Kong and Australia all retreated. Markets in Japan, India and Southeast Asia were reopening following holidays. Investor anxiety has been fed by President Donald Trump’s threat of new U.S.

LONDON, Aug 12 (Reuters) – The United States would enthusiastically support a no-deal Brexit if that is what the British government decided to do, U.S. national security adviser John Bolton told reporters on Monday. British Prime Minister Boris Johnson wants the European Union to renegotiate the terms of Britain exit ahead of an Oct. 31

The U.S. government’s budget deficit rose by $183 billion to $867 billion during the first 10 months of this budget year as spending grew more than twice as fast as tax collections. The Treasury Department say the deficit for the current fiscal year through July is up 27% from the same period a year earlier.

“While we have yet to see this in the real variables of the U.S. economy, except at the margins, it is very hard if history is any guide to believe that growth above 3 percent is possible in the context of the types of decisions that are being made for capital investment and inventories,” Mr.

Indian conglomerate Reliance Industries said on Monday that it is selling a 20% stake in its oil and chemicals business to Saudi oil giant Aramco, calling the deal among India’s largest foreign direct investments. The Press Trust of India news agency said the deal is worth $15 billion. Reliance Industries Chairman Mukesh Ambani told an

Asian stocks gained Monday amid investor jitters the U.S.-China trade war might be worsening. Benchmarks in Shanghai and South Korea rose while Hong Kong and Australia were unchanged. Japanese markets were closed for a holiday. Investors were encouraged by hopes global central banks will keep interest rates low to shore up economic growth. But they